AdvisorShares Psychedelics ETF
ALTAR
Score™		 -8.2% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -2.9x P/Sales
ratio		 1.6x
P/BV
ratio		 2.1x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
PSIL is actively managed to provide exposure to the emerging global psychedelics industry.

FUND BASICS
Category International Equities
Fund Sponsor AdvisorShares
Website advisorshares.com/etfs/psil/
Inception date Sep 15, 2021
Assets (mns) $6
Currency USD
Expense ratio 99 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $547
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.7%
Small cap (<$2bn) 45.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MIND MEDICINE INC ORDINARY SHARES 14.8 %
COMPASS PATHWAYS PLC ADR 8.3 %
CYBIN INC ORDINARY SHARES 7.9 %
INCANNEX HEALTHCARE INC. 5.3 %
RELMADA THERAPEUTICS INC 5.0 %
ALKERMES PLC 4.9 %
BRIGHT MINDS BIOSCIENCES INC ORDIN 4.9 %
ATAI LIFE SCIENCES N.V. 4.6 %
GH RESEARCH PLC 4.6 %
VISTAGEN THERAPEUTICS INC 4.5 %
Total 64.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 13.2 %
IRELAND 4.9 %
GERMANY 4.6 %
CANADA 1.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.9% -19.7% -- -- -49.3%

Market Correlations
versus... Beta R-squared
S&P500 0.79 6%
MSCI EAFE 0.40 2%
MSCI Emg. Mkts. 0.60 3%

Technical Indicators
Recent close $12.00
30d moving avg. $9.89
Annualized volatility 57.7%
Short interest (ETF) 2.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 12
Turnover 2.2%
Bid/Ask (% of price) 1.44%
ADV underlying (mns) $262

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 161 potential alternatives to the AdvisorShares Psychedelics ETF ETF based on the alternatives' overlap in portfolio holdings with PSIL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSIL Expense: 99 bp ALTAR Score™: -8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSIL
Ticker Fund
Name		 Overlap1
vs PSIL
(%)		 Expense
ratio
(bp)		 Savings
vs PSIL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs PSIL
(%)
IBRN iShares Neuroscience and Healthcare ETF 8.1 47 52 -4.8 +3.4
FBT First Trust NYSE Arca Biotechnology Index Fund 7.4 56 43 3.1 +11.3
LFSC F/m Emerald Life Sciences Innovation ETF 4.5 79 20 -2.9 +5.3
MEDX Horizon Kinetics Medical ETF 4.0 85 14 -0.3 +7.9
XPH SPDR S&P Pharmaceuticals ETF 3.9 35 64 5.5 +13.7
IHE iShares U.S. Pharmaceuticals ETF 3.4 40 59 8.7 +17.0
SBIO ALPS Medical Breakthroughs ETF 3.2 50 49 -2.0 +6.3
BBP Virtus LifeSci Biotech Products ETF 3.1 79 20 0.0 +8.2
PSCH Invesco S&P SmallCap Health Care ETF 3.1 29 70 4.0 +12.2
XSHQ Invesco S&P SmallCap Quality ETF 1.9 29 70 8.3 +16.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.7 60 39 9.8 +18.0
FXH First Trust Health Care AlphaDEX Fund 1.6 62 37 6.3 +14.5
IBBQ Invesco Nasdaq Biotechnology ETF 1.5 19 80 0.9 +9.1
MEDI Harbor Health Care ETF 1.4 80 19 1.4 +9.7
IBB iShares Biotechnology ETF 1.4 45 54 0.3 +8.5
CALF Pacer US Small Cap Cash Cows 100 ETF 1.3 59 40 5.1 +13.3
XBI SPDR S&P BIOTECH ETF 1.3 35 64 -3.3 +4.9
AFSM First Trust Active Factor Small Cap ETF 1.2 75 24 6.3 +14.5
PSC Principal U.S. Small-Cap ETF 1.1 38 61 5.9 +14.1
GRPZ Invesco S&P SmallCap 600 GARP ETF 1.1 35 64 9.8 +18.0
PINK Simplify Health Care ETF 1.0 50 49 3.3 +11.6
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 10 8.2 +16.4
SMCP AlphaMark Actively Managed Small Cap ETF 1.0 90 9 3.9 +12.1
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 57 6.6 +14.8
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.9 49 50 10.2 +18.4
QQQS Invesco NASDAQ Future Gen 200 ETF 0.8 20 79 -10.7 -2.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.8 20 79 4.0 +12.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.7 35 64 6.6 +14.8
SFYX SoFi Next 500 ETF 0.6 0 99 4.7 +12.9
GDOC Goldman Sachs Future Health Care Equity ETF 0.6 75 24 3.7 +11.9
WCEO Hypatia Women CEO ETF 0.6 85 14 4.2 +12.4
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.6 59 40 3.9 +12.1
VIDI Vident International Equity Strategy ETF 0.6 61 38 10.2 +18.4
ESIX SPDR S&P SmallCap 600 ESG ETF 0.5 12 87 7.4 +15.7
VBK Vanguard Small-Cap Growth ETF 0.5 7 92 1.1 +9.3
GVLU Gotham 1000 Value ETF 0.5 50 49 7.4 +15.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.5 6 93 2.3 +10.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 81 5.8 +14.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 15 84 5.8 +14.0
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 84 5.8 +14.0
BMED Future Health ETF 0.4 85 14 -0.2 +8.0
FLDZ RiverNorth Patriot ETF 0.4 75 24 5.2 +13.4
ISMD Inspire Small/Mid Cap ETF 0.4 54 45 5.3 +13.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 84 5.8 +14.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.4 12 87 7.0 +15.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.4 15 84 7.5 +15.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 39 6.8 +15.0
QGRO American Century U.S. Quality Growth ETF 0.4 29 70 4.4 +12.7
SIXL ETC 6 Meridian Low Beta Equity ETF 0.4 80 19 4.2 +12.5
SMLF iShares U.S. SmallCap Equity Factor ETF 0.4 15 84 4.6 +12.9
SCHA Schwab U.S. Small-Cap ETF 0.4 4 95 4.4 +12.7
IJR iShares Core S&P Small Cap ETF 0.3 6 93 6.6 +14.9
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.3 35 64 4.6 +12.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.3 7 92 5.3 +13.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.3 10 89 6.6 +14.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.3 3 96 6.7 +14.9
IWO iShares Russell 2000 Growth ETF 0.3 24 75 0.6 +8.8
VTWG Vanguard Russell 2000 Growth ETF 0.3 15 84 0.7 +8.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 29 2.7 +10.9
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 4 0.9 +9.1
FESM Fidelity Enhanced Small Cap ETF 0.3 28 71 1.7 +9.9
DFNV Donoghue Forlines Innovation ETF 0.3 69 30 4.7 +12.9
SCHM Schwab U.S. Mid-Cap ETF 0.3 4 95 6.0 +14.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.3 70 29 10.0 +18.2
VFQY Vanguard U.S. Quality Factor ETF 0.3 13 86 7.5 +15.7
IWP iShares Russell Mid-Cap Growth ETF 0.3 23 76 3.1 +11.3
AVUV Avantis U.S. Small Cap Value ETF 0.3 25 74 8.8 +17.1
ISCB iShares Morningstar Small-Cap ETF 0.3 4 95 4.8 +13.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 79 4.6 +12.8
NUSC Nuveen ESG Small-Cap ETF 0.3 31 68 5.0 +13.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.2 17 82 4.7 +12.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.2 4 95 4.8 +13.0
IJS iShares S&P Small-Cap 600 Value ETF 0.2 18 81 7.4 +15.6
HAPS Harbor Human Capital Factor US Small Cap ETF 0.2 60 39 2.4 +10.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.2 15 84 7.4 +15.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.2 15 84 7.4 +15.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 95 5.6 +13.9
INNO Harbor Disruptive Innovation ETF 0.2 75 24 1.6 +9.8
NIXT Research Affiliates Deletions ETF 0.2 9 90 5.2 +13.5
STXM Strive Mid-Cap ETF 0.2 18 81 6.1 +14.3
STXK Strive Small-Cap ETF 0.2 18 81 5.0 +13.2
VHT Vanguard Health Care ETF 0.2 10 89 5.7 +13.9
VB Vanguard Small-Cap ETF 0.2 5 94 4.9 +13.2
SSLY Syntax Stratified SmallCap ETF 0.2 40 59 7.4 +15.6
HLGE Hartford Longevity Economy ETF 0.2 44 55 6.0 +14.2
FHLC Fidelity MSCI Health Care Index ETF 0.2 8 91 6.0 +14.2
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 47 6.5 +14.7
JGRO JPMorgan Active Growth ETF 0.2 44 55 3.5 +11.7
VXF Vanguard Extended Market ETF 0.2 6 93 3.5 +11.7
RSSL Global X Russell 2000 ETF 0.2 8 91 2.6 +10.8
IWM iShares Russell 2000 ETF 0.2 19 80 2.8 +11.0
VTWO Vanguard Russell 2000 ETF 0.2 10 89 2.9 +11.1
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 84 6.8 +15.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.2 29 70 6.5 +14.8
IYH iShares U.S. Healthcare ETF 0.2 40 59 6.6 +14.8
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 81 6.4 +14.6
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.1 35 64 6.2 +14.4
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.1 42 57 6.1 +14.3
VALQ American Century U.S. Quality Value ETF 0.1 29 70 7.4 +15.6
FDWM Fidelity Women's Leadership ETF 0.1 59 40 4.7 +12.9
SMMD iShares Russell 2500 ETF 0.1 15 84 5.5 +13.7
AIEQ AI Powered Equity ETF 0.1 75 24 3.9 +12.1
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -1 4.0 +12.2
DFAS Dimensional U.S. Small Cap ETF 0.1 26 73 5.5 +13.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.1 39 60 7.5 +15.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 60 4.1 +12.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 35 1.8 +10.0
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 93 7.2 +15.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 79 6.3 +14.5
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 86 2.1 +10.3
FAB First Trust Multi Cap Value AlphaDEX Fund 0.1 67 32 8.6 +16.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 60 5.8 +14.0
QLV FlexShares US Quality Low Volatility Index Fund 0.1 22 77 3.8 +12.0
ROUS Hartford Multifactor US Equity ETF 0.1 19 80 6.5 +14.8
IWR iShares Russell Midcap ETF 0.1 19 80 5.4 +13.6
AVSC Avantis U.S Small Cap Equity ETF 0.1 25 74 4.7 +12.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.1 25 74 5.2 +13.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 24 4.3 +12.5
FELC Fidelity Enhanced Large Cap Core ETF 0.1 18 81 5.3 +13.5
PTL Inspire 500 ETF 0.1 9 90 5.6 +13.8
VFMF Vanguard U.S. Multifactor ETF 0.1 18 81 8.5 +16.7
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 57 6.1 +14.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 78 3.8 +12.0
HKND Humankind US Stock ETF 0.1 11 88 7.1 +15.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.0 12 87 7.2 +15.4
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 87 4.5 +12.7
IWF iShares Russell 1000 Growth ETF 0.0 19 80 4.5 +12.7
VONG Vanguard Russell 1000 Growth ETF 0.0 8 91 4.6 +12.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 90 3.3 +11.6
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 90 4.8 +13.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 82 5.3 +13.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 90 5.4 +13.6
IYY iShares Dow Jones U.S. ETF 0.0 20 79 4.8 +13.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 96 4.9 +13.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 96 4.8 +13.0
VTI Vanguard Total Stock Market ETF 0.0 3 96 4.7 +13.0
IWV iShares Russell 3000 ETF 0.0 20 79 4.7 +12.9
VTHR Vanguard Russell 3000 ETF 0.0 10 89 4.7 +13.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 74 6.0 +14.2
STXG Strive 1000 Growth ETF 0.0 18 81 4.1 +12.3
AVUS Avantis U.S. Equity ETF 0.0 15 84 5.6 +13.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 85 5.3 +13.5
IWN iShares Russell 2000 Value ETF 0.0 24 75 4.8 +13.0
VTWV Vanguard Russell 2000 Value ETF 0.0 15 84 4.9 +13.1
IWC iShares Micro-Cap ETF 0.0 60 39 -4.9 +3.3
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 71 7.8 +16.0
SCHK Schwab 1000 Index ETF 0.0 5 94 5.0 +13.2
IWB iShares Russell 1000 ETF 0.0 15 84 4.8 +13.1
VONE Vanguard Russell 1000 ETF 0.0 8 91 4.9 +13.1
DFAU Dimensional US Core Equity Market ETF 0.0 12 87 5.0 +13.2
VT Vanguard Total World Stock ETF 0.0 7 92 5.5 +13.7
GWX SPDR S&P International Small Cap ETF 0.0 40 59 6.5 +14.7
DFUS Dimensional U.S. Equity ETF 0.0 9 90 4.9 +13.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.0 39 60 7.2 +15.4
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 84 6.1 +14.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 88 4.9 +13.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 77 7.2 +15.4
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 96 5.1 +13.3
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 87 6.7 +14.9
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 74 6.8 +15.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 87 4.5 +12.7

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 AdvisorShares Psychedelics ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -27.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 99 bp
Equals: ALTAR Score -8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.60
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.